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- There’s a sense in which technology is, by definition, non-repetitive. And every moment in technological history only happens once.
There's a sense in which technology is, by definition, non-repetitive. And every moment in technological history only happens once.
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Loading...Thiel is one of the co-founders of Paypal and was the CEO of the company before it was acquired by eBay. His most famous and successful investment to date was a $500,000 investment in Facebook for 10% of the company. He has also made investments in LinkedIn, Friendster and Yelp.
Peter believes that the best predictor of a startup's success is how much the CEO is paid. The larger his salary, the more likely everyone else is paid high, and therefore, the faster you’ll burn through money. If the CEO is paid less than average, it more likely his interest will line up with the equity shareholders.
His Thiel Foundation gives young entrepreneurs $100,000 over two years to skip college and pursue their business ideas.
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